Healthcare Underwriting Analyst
Carmel, IN Merchants Capital
Job Type
Full-time
Description


Location:  Open to remote working arrangement for experienced hires. 


The Healthcare Underwriting Analyst plays a critical role in the underwriting of healthcare real estate loans. The Healthcare Underwriting Analyst will help analyze proposed transactions, prepare formal recommendations, and assist in the closing and delivery of approved loans to necessary constituents. A candidate with the desire to learn and grow will have the opportunity to advance within the team and company overall. The position’s primary focus will be on healthcare real estate loans, but the responsibilities could also include working with other real estate-related loan products. 

Requirements
  • Work with Underwriters and perform due diligence for healthcare products and transactions.
  • Input income and expense statements to determine maximum loan amounts.
  • Conduct initial reviews of market areas, properties, and site characteristics.
  • Complete initial review of borrower and management qualifications.
  • Learn methodology for building proforma income & expenses.
  • Learn healthcare underwriting requirements along with reviewing any lender updates on an on-going basis.
  • Conduct site visits to assess the condition and quality of healthcare projects, their operations, and the market.
  • Order and complete preliminary review of third-party reports including appraisals, engineering, seismic, Phase I environmental assessments, and operations & maintenance (O&M) plans.
  • Maintain organized and fully documented underwriting files and manage underwriting checklists.
  • Assist in crafting the narratives/final loan packages for committee review.
  • Communicate closely with the Underwriting, Production, Closing, and Insurance teams, and others as appropriate to problem-solve deal issues.
  • Assist in completing underwriting deliverables as part of the closing and submission of the loan to the investor.

Expected Experience, Skills, and Education:

  • Bachelor’s degree in business or finance preferred.
  • 1-2 years of experience within the real estate industry preferred.  
  • A high level of computer proficiency in Microsoft Office (Word and Excel).  
  • Demonstrated analytical skills with the ability to evaluate data quickly and take action to assist the team in moving transactions forward. 
  • Excellent interpersonal and presentation skills with strong work ethic to meet the daily challenges of a fast-paced environment.  
  • Demonstrated ability to develop and execute solutions to complex issues and transactions.
  • Requires critical thinking skills and multitasking.  
  • Ability to show ownership of your work, take on challenges, and demonstrate patience when learning new processes.
  • Courtesy, respect, and thoughtfulness in teaming with colleagues and other stakeholders.